This page shows Udr Inc (UDR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A depreciation-heavy asset base keeps operating cash flow steadier than earnings while leverage carries much of the funding load.
Between FY2023 and FY2025, operating cash flow rose from$833M to$903M even though reported earnings swung sharply in between. That pattern means cash conversion is more stable than net income suggests, with large non-cash charges absorbing accounting profit without the same hit to cash.
From FY2024 to FY2025, revenue moved only from
By FY2025, long-term debt was about
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Udr Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Udr Inc passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Udr Inc generates $2.39 in operating cash flow ($902.9M OCF vs $377.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Udr Inc earns $2.8 in operating income for every $1 of interest expense ($553.6M vs $196.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Udr Inc generated $1.7B in revenue in fiscal year 2025. This represents an increase of 2.4% from the prior year.
Udr Inc's EBITDA was $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.9% from the prior year.
Udr Inc reported $377.7M in net income in fiscal year 2025. This represents an increase of 321.6% from the prior year.
Udr Inc earned $1.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 334.6% from the prior year.
Cash & Balance Sheet
Udr Inc held $1.2M in cash against $5.8B in long-term debt as of fiscal year 2025.
Udr Inc paid $1.72 per share in dividends in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Udr Inc had 329M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.
Margins & Returns
Udr Inc's operating margin was 32.3% in fiscal year 2025, reflecting core business profitability. This is up 15.3 percentage points from the prior year.
Udr Inc's net profit margin was 22.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.7 percentage points from the prior year.
Udr Inc's ROE was 11.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.9 percentage points from the prior year.
Capital Allocation
Udr Inc spent $117.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
UDR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $425.8M-1.7% | $433.1M+0.3% | $431.9M+1.5% | $425.4M+0.8% | $421.9M-0.2% | $422.7M+0.6% | $420.2M+1.2% | $415.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.4M-64.8% | $55.1M+423.0% | $10.5M+5.2% | $10.0M+5.4% | $9.5M-83.5% | $57.4M+496.7% | $9.6M+7.2% | $9.0M |
| Operating Income | $229.8M-17.2% | $277.7M+263.6% | $76.4M-1.3% | $77.4M-36.7% | $122.2M+84.3% | $66.3M-5.1% | $69.9M+1.7% | $68.7M |
| Interest Expense | $48.6M-2.2% | $49.7M-1.8% | $50.6M+3.9% | $48.7M+2.0% | $47.7M-3.9% | $49.6M-1.2% | $50.2M+5.0% | $47.8M |
| Income Tax | $455K+1129.7% | $37K-90.3% | $382K+48.1% | $258K+63.3% | $158K-49.4% | $312K+300.0% | -$156K-140.4% | $386K |
| Net Income | $189.8M-14.8% | $222.9M+451.6% | $40.4M+7.3% | $37.7M-50.9% | $76.7M+1621.0% | -$5.0M-122.3% | $22.6M-21.8% | $28.9M |
| EPS (Diluted) | $0.57 | N/A | $0.12+9.1% | $0.11-52.2% | $0.23 | N/A | $0.06-25.0% | $0.08 |
UDR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.3B-2.6% | $10.6B0.0% | $10.6B-0.4% | $10.6B-0.9% | $10.7B-1.4% | $10.9B-1.6% | $11.1B-0.3% | $11.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.3M+6.4% | $1.2M+2.3% | $1.2M-22.1% | $1.5M+22.6% | $1.3M-5.7% | $1.3M-42.0% | $2.3M-17.5% | $2.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.2B-3.5% | $6.5B+0.1% | $6.5B+1.4% | $6.4B+0.1% | $6.4B-1.2% | $6.4B-0.5% | $6.5B+1.5% | $6.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $5.7B-2.7% | $5.8B-0.2% | $5.8B+1.0% | $5.8B-0.6% | $5.8B-0.3% | $5.8B-0.7% | $5.9B+1.5% | $5.8B |
| Total Equity | $3.3B-0.1% | $3.3B+0.4% | $3.3B-1.5% | $3.3B-0.2% | $3.3B-3.3% | $3.4B-2.0% | $3.5B-5.6% | $3.7B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UDR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $128.7M-50.7% | $261.4M+11.3% | $234.9M-6.1% | $250.3M+60.2% | $156.2M-35.1% | $240.5M+4.5% | $230.3M-3.4% | $238.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $283.7M+9124.5% | $3.1M+102.7% | -$113.1M-92.5% | -$58.8M-429.8% | $17.8M+136.5% | -$48.8M+67.1% | -$148.3M-51.6% | -$97.8M |
| Financing Cash Flow | -$414.5M-57.1% | -$263.8M-118.6% | -$120.7M+36.4% | -$189.8M-7.7% | -$176.1M+8.2% | -$191.9M-137.4% | -$80.8M+41.5% | -$138.3M |
| Dividends Paid | $141.3M-0.7% | $142.2M-0.2% | $142.5M0.0% | $142.4M+1.2% | $140.7M+0.4% | $140.2M+0.1% | $140.1M+0.1% | $140.0M |
| Share Buybacks | $100.0M+7.7% | $92.8M+271.2% | $25.0M | N/A | N/A | N/A | N/A | N/A |
UDR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 54.0%-10.2pp | 64.1%+46.4pp | 17.7%-0.5pp | 18.2%-10.8pp | 29.0%+13.3pp | 15.7%-1.0pp | 16.6%+0.1pp | 16.5% |
| Net Margin | 44.6%-6.9pp | 51.5%+42.1pp | 9.4%+0.5pp | 8.9%-9.3pp | 18.2%+19.4pp | -1.2%-6.6pp | 5.4%-1.6pp | 7.0% |
| Return on Equity | 5.8%-1.0pp | 6.8%+5.5pp | 1.2%+0.1pp | 1.1%-1.2pp | 2.3%+2.4pp | -0.1%-0.8pp | 0.6%-0.1pp | 0.8% |
| Return on Assets | 1.8%-0.3pp | 2.1%+1.7pp | 0.4%+0.0pp | 0.4%-0.4pp | 0.7%+0.8pp | -0.1%-0.3pp | 0.2%-0.1pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.72-0.0 | 1.77-0.0 | 1.78+0.0 | 1.740.0 | 1.74+0.1 | 1.69+0.0 | 1.67+0.1 | 1.55 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Udr Inc's annual revenue?
Udr Inc (UDR) reported $1.7B in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Udr Inc's revenue growing?
Udr Inc (UDR) revenue grew by 2.4% year-over-year, from $1.7B to $1.7B in fiscal year 2025.
Is Udr Inc profitable?
Yes, Udr Inc (UDR) reported a net income of $377.7M in fiscal year 2025, with a net profit margin of 22.1%.
What is Udr Inc's EBITDA?
Udr Inc (UDR) had EBITDA of $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Udr Inc have?
As of fiscal year 2025, Udr Inc (UDR) had $1.2M in cash and equivalents against $5.8B in long-term debt.
What is Udr Inc's operating margin?
Udr Inc (UDR) had an operating margin of 32.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Udr Inc's net profit margin?
Udr Inc (UDR) had a net profit margin of 22.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Udr Inc pay dividends?
Yes, Udr Inc (UDR) paid $1.72 per share in dividends during fiscal year 2025.
What is Udr Inc's return on equity (ROE)?
Udr Inc (UDR) has a return on equity of 11.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Udr Inc's operating cash flow?
Udr Inc (UDR) generated $902.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Udr Inc's total assets?
Udr Inc (UDR) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Udr Inc's debt-to-equity ratio?
Udr Inc (UDR) had a debt-to-equity ratio of 1.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Udr Inc's return on assets (ROA)?
Udr Inc (UDR) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Udr Inc's Piotroski F-Score?
Udr Inc (UDR) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Udr Inc's earnings high quality?
Udr Inc (UDR) has an earnings quality ratio of 2.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Udr Inc cover its interest payments?
Udr Inc (UDR) has an interest coverage ratio of 2.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Udr Inc?
Udr Inc (UDR) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.